Saudi Venture Capital (SVC) announces an investment in Aliph Fund I, a GCC-focused growth fund from Aliph Capital, a GCC-based private equity fund manager.
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Aliph Fund I invests in mid-market companies across Saudi Arabia and the GCC with an active ownership model focused on value creation and tech enablement.
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Dr. Nabeel Koshak, CEO and Board Member at Saudi Venture Capital, commented: “Our investment in the private equity fund by Aliph Capital is part of SVC’s Investment in Funds Program, in alignment with our strategy to support funds that invest in Saudi-based SMEs with growth potential.”
Huda Al-Lawati, Founder and CEO at Aliph Capital, said, “We are honoured to welcome SVC as an investor in Aliph Fund I. The GCC’s SMEs represent fantastic opportunities to create investor value and drive economic growth, particularly when supported by active, hands-on management with a clear strategy of digitisation and technology enablement.”
About SVC
Founded in 2018, Saudi Venture Capital (SVC) is an investment firm established in 2018 and is a subsidiary of the SME Bank, one of the development banks of the National Development Fund (NDF). SVC aims to stimulate and develop financing solutions for startups and SMEs from pre-Seed to pre-IPO by investing $2 billion through investment in Private Capital funds (Venture Capital, Private Equity, Venture Debt, Private Debt) and co-investment in startups and SMEs.
About Aliph Capital
Founded in 2021, Aliph Capital is GCC led investment manager focused on partnering with Gulf businesses and helping them transition into a tech enabled future. Aliph aims to contribute to the regionwide diversification program for the long-term sustainability of our markets.
